Advance Auto Parts falls on dim annual forecast, weak quarterly sales

By Reuters News

** Advance Auto Parts AAP.N shares fall ~5% to $48.25 premarket

** Automotive parts retailer sees FY26 net sales at ~8.50 bln, below Street est of 8.52 bln, per LSEG-compiled data

** Co sees FY26 adjusted EPS of $2.75-$3.10, narrowing from $2.60-$3.30; midpoint of $2.93 is below avg est of $2.96 ** Q3 adj EPS of $0.79, down from $0.92 a year ago ** Q3 net sales of $2.01 bln vs $2.04 bln a year ago; below est of $2.04 bln ** Q3 comparable store sales fall 1.2% ** Pro channel sales grow low-single digits, while DIY channel declines low-single digits ** Co raises FY26 free cash flow view to about $150 mln from $100 mln ** As of last close, stock up 29% YTD

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